Tag Archives: Superannuation General

Basics about Super – Paying Super for Small Business – Small Business Superannuation Clearing House (SBSCH)

The Australian Tax Office (ATO) has a service called the Small Business Superannuation Clearing House, designed to help small business (with less than 19 employees) meet their super obligations as employers. Here is what the ATO site says – The … Continue reading

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Basics about Super – How does Superannuation work in Australia?

The Australian Superannuation system is a long term savings arrangement by the Australian Government to save for your retirement, and help ensure Australians have enough income in retirement. Super money is predominantly paid in by employers, the self-employed for themselves, … Continue reading

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CASE STUDY – Paul & Paula – Supporting Elderly Mother and Preparing for Retirement

Paul and Paula had her elderly mother living with them so they could provide the best care they could. He also had his consultancy, and Paula worked part-time around her mother. They knew they needed to plan quickly for retirement … Continue reading

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CASE STUDY – Brian and Stephanie working the business as well as preparing for retirement

Brian and Stephanie had lovely children in Primary school and a busy consulting business they had started from scratch, which was growing well. They loved property and had explored how super could be used to invest in property and wanted … Continue reading

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Masterclass SMSF – How the downsizer contribution works from sale of your home near retirement

The 2017 federal budget brought in a new allowance for a new type of superannuation contribution for individuals looking to downsize their principal residence. Michael Hallinan at smsmagazine.com.au explains some of the rules around these new contributions. The downsizer contributions … Continue reading

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Basics about Super – EOFY – End of Financial Year – Last Days – Checklist!!

Time is running out – only days left to the End of Financial Year (EOFY), it’s time to have a review to ensure all is in order and all ACTIONs taken by 30 June deadline, as well as papers documenting … Continue reading

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Masterclass SMSF –What happens to super when you die?

On the death of a person the law is that a member’s benefits must be cashed as soon as practicable. It is called a death benefit payment. Super does NOT form part of a person’s estate. To do so, a … Continue reading

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